[Targeted] E*Trade: Up To $3,500 Brokerage Bonus ($25,000-$1,000,000 Required)

The Offer

No direct link to offer. Sent out via e-mail, subject line is ‘ For a limited time, get up to $3,500 – ETrade bonus’

• E*Trade is offering a bonus of up to $3,500 when you open up a new E*Trade. Bonus is tiered depending on how much you deposit in cash or securities within 60 days of account opening.
  • $3,500 bonus when you open a new account with $1,000,000+
  • $1,200 bonus when you open a new account with $500,000-$999,999
  • $600 bonus when you open a new account with $250,000-$499,999
  • $300 bonus when you open a new account with $100,000-$249,999
  • $200 bonus when you open a new account with $25,000-$99,999
  • $100 bonus when you open a new account with $5,000-$24,999

The Fine Print

• • Cash credits will be granted based on deposits of new funds or securities from external accounts made within 60 days of account opening, as follows: $5,000-$24,999 will receive $100;
  • $25,000-$99,999 will receive $200;
  • $100,000-$199,999 will receive $500;
  • $200,000 – $249,999 will receive $800;
  • $250,000-$499,999 will receive $1000;
  • $500,000-$999,999 will receive $1,500;
  • $1,000,000 or more will receive $3,500.
• If you deposit $250,000-$499,999, you will receive a cash credit within seven business days.
• If you have deposited at least $250,000 in the new account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60-day window. For example, if you deposit $300,000, you will receive a cash credit of $1000 within seven business days, then if you deposit another $200,000 you will receive an additional cash credit of $500 at the end of the 60-day window for a total reward of $1,500. If you deposit $1,000,000 or more, you will receive a cash credit within seven business days. 
• All other reward tiers ($5,000-$24,999; $25,000-$99,999; $100,000-$199,999; $200,000 – $249,999; $500,000-$999,999) will be paid following the expiration of the 60-day period. 
• In addition, if you deposit $500,000 or more into your new account, deposits made in eligible linked accounts during the 60 day period will be aggregated for purposes of the reward and the credits will be paid pro-rata to all accounts where deposits were made during the 60-day period. For example, if you have deposited $500,000 in your new account during the 60 day period, and during the same period you deposited $100,000 into another eligible account you have linked to the new account you will receive $1,250 in your new account and $250 into the other eligible account. 
• Excludes current E*TRADE Financial Corporation associates, non-US residents, and any jurisdiction where this offer is not valid. You must be the original recipient of this offer to enroll. This offer is not valid for E*TRADE Securities retirement, E*TRADE Futures, E*TRADE Bank, or E*TRADE Savings Bank accounts. One promotion per customer. E*TRADE Securities reserves the right to terminate this offer at any time. Must be enrolled by April 28, 2020, the offer expiration date.

Our Verdict

This looks to be targeted to previous customers. Better than the other existing customer deal that is offered publicly.

Hat tip to reader H F